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The official "ASX is tanking!" panic thread

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Another cat dead before it even hit the dirt.
 

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No more 4s
Great effort
trying to catch you on the FTSE long
For a while now.

Doubt Ill get there with only a couple of contracts.
 

I hope my abbreviations of your wonderfully open post are OK Sails..... There are many issues far more important than the market or money.... and family is certainly one of those. If I have been insensitive in any way myself then I am sincerely sorry. You sound like a fabulous person and one who has priorities in the right order.

Very best wishes

Rick
 
tech/a said:
No more 4s
Great effort
trying to catch you on the FTSE long
For a while now.

Doubt Ill get there with only a couple of contracts.
Click to expand...

Not even close but $2.5k for a few hrs I'm not complaining---



Time to socialize.
Night.
 
Well.. at the end of the day I just sit and think WTF was that all about. Such a drop and then a recovery and stocks ending up positive. For instance watched Woodside drop $3 then recover to be up $1.
What is gonna happen if the Dow slides big time again tonight?
 
Markets were crazy, I bought in the morning to sell later on, only to see it get lower. Sold the shares only to see them spruce up in the arvo . Also stuck with a few positions overnight, yikes
 
xplosion said:
Markets were crazy, I bought in the morning to sell later on, only to see it get lower. Sold the shares only to see them spruce up in the arvo . Also stuck with a few positions overnight, yikes
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I ditched stocks and have been trading the DJIA, FTSE, DAX and XJO since last week. Dealing with fear or when to take profit takes on a whole new perspective with immediacy.
 
Any ideas as to what caused the sudden turn around?
 
alexc2005 said:
I'm not trying to be a hero. Its very hard however, for me to accept a 22% loss on my shares.

Sigh
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And so it should be hard for you to take the loss...successfully trading anything requires you to generally sell XXX for more that you paid for it, and any strategy that requires you to take losses needs to be understood and accepted in its entirety.

Think about it...there's a time to sell and a time to buy...what time was it today?
 
Futures indicate a 100+ point upswing tonight. It'll probably end up neutral once Ben opens his mouth
 
tech/a said:
Not even close but $2.5k for a few hrs I'm not complaining---

View attachment 43927

Time to socialize.
Night.
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Tech, It seems you've moved toward trading intraday over recent times (or, more so), is this because of current market conditions not favouring systems trading etc?

Or simply more profit potential, is your intraday trades still technically motivated, VSA etc? If your making that sort of cash one can obviously understand the attraction.

Cheers



Dowdy said:
Futures indicate a 100+ point upswing tonight. It'll probably end up neutral once Ben opens his mouth
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Seems green across the board, Germany seems to be getting hammered more than other indicies for whatever reason?
 

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Massive, massive...massive volatility. It would be interesting if 4000 became the new resistance. I wonder what proportion of the sales are foreign investors pulling out because our currency has depreciated against the USD In the last week
 
Kryzz said:
Seems green across the board, Germany seems to be getting hammered more than other indicies for whatever reason?
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They don't like bailing out Euroland Every second week!
Merkyl may get fed up an grow a little mow.
 
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